24 American Monyfacturers, Inc. Property, Plant, and Equipment and Accumulated Deprecation October 31, 1997 Depreciation Rate Method Balance 10021/96 Accumulated Depreciation Balance Provision Dispul 10211/02 G 0 SL 1,144.500 168,500 5% 1,313,000 Property. Plant and it Balce Balance Anout 101 Add Dipas Other 11/07 Land 650,000 70,000 : 0 0 720,000 Dullding 3,270,000 230,000 0 (30,000) 3,470,000 Equipment 1,750,000 90,000 2 (12,000) 0 1,128,000 Fixtures 0.000.000 10.000.0 1.000.000.- Sen.com (1200) ZALON 10% S/L 700,000 179,500 (12,000) 367,500 SOURCE: AUDIT 1997 EXAMS, 44, PARTS 1.18 - QUESTION 15% S/L A54.750 510.000. 14,750 2310 102.750 (12.00) 28as 250 2 Them to be Anrered 11 12 ! 13. 14. 2 15. - 16. 19. 18. 3802869bes & List of procedures comments Property, Plant, and Equipment and Accumulated Depreciation (A) Does not recompute correctly. (D) Tested resonateness of calculation Traced amount to current yeur'atlal balance and general ledger Roclassification entry for fixtures erroneously recorded as buildings, Reclassification entry for buildings erroneously recorded as fixtures. Traced amount to prior year's working papers. () Sold alx fully-depreciated computers to employees; no wodit procedures necessary ) Confirmed, with exception. Confirmed, without exception. Examined supporting vendors' Involces, cuceled checks, asset subsidiary ledger And board of directors minutes of meetinga authorizing transactions (X) Examined supporting work orders and engineers' reports, canceled checks, asset subsidiary ledger, and board of directors' minutes of meetings authorizing transactions. (L) Examined supporting deed and purchase controot, canceled checks, asset subsidiary ledger, and board of directors' minutos of meeting authorizing transactions * 24 American Monyfacturers, Inc. Property, Plant, and Equipment and Accumulated Deprecation October 31, 1997 Depreciation Rate Method Balance 10021/96 Accumulated Depreciation Balance Provision Dispul 10211/02 G 0 SL 1,144.500 168,500 5% 1,313,000 Property. Plant and it Balce Balance Anout 101 Add Dipas Other 11/07 Land 650,000 70,000 : 0 0 720,000 Dullding 3,270,000 230,000 0 (30,000) 3,470,000 Equipment 1,750,000 90,000 2 (12,000) 0 1,128,000 Fixtures 0.000.000 10.000.0 1.000.000.- Sen.com (1200) ZALON 10% S/L 700,000 179,500 (12,000) 367,500 SOURCE: AUDIT 1997 EXAMS, 44, PARTS 1.18 - QUESTION 15% S/L A54.750 510.000. 14,750 2310 102.750 (12.00) 28as 250 2 Them to be Anrered 11 12 ! 13. 14. 2 15. - 16. 19. 18. 3802869bes & List of procedures comments Property, Plant, and Equipment and Accumulated Depreciation (A) Does not recompute correctly. (D) Tested resonateness of calculation Traced amount to current yeur'atlal balance and general ledger Roclassification entry for fixtures erroneously recorded as buildings, Reclassification entry for buildings erroneously recorded as fixtures. Traced amount to prior year's working papers. () Sold alx fully-depreciated computers to employees; no wodit procedures necessary ) Confirmed, with exception. Confirmed, without exception. Examined supporting vendors' Involces, cuceled checks, asset subsidiary ledger And board of directors minutes of meetinga authorizing transactions (X) Examined supporting work orders and engineers' reports, canceled checks, asset subsidiary ledger, and board of directors' minutes of meetings authorizing transactions. (L) Examined supporting deed and purchase controot, canceled checks, asset subsidiary ledger, and board of directors' minutos of meeting authorizing transactions *